Key Takeaways
- Bitmain Antminer S21 Hyd 335T leads as the most profitable Bitcoin miner, followed by Canaan Avalon Made A1266 and MicroBT Whatsminer M50S.
- Bitmain Antminer S19 XP Hydro excels with liquid cooling and unmatched power efficiency for serious investors.
- Bitmain Antminer S19j Pro+ strikes a balance between cost, efficiency, and performance, favored by miners globally.
- MicroBT Whatsminer M50S offers robust cooling and a competitive performance-to-efficiency ratio.
Despite the rise of altcoins, Bitcoin dominates 56% of the total crypto market cap. Mining Bitcoin remains lucrative, but choosing the right hardware is critical. Below, we’ve curated the top 9 Bitcoin miners for 2024 based on profitability, efficiency, and innovation.
Best Bitcoin Miners in 2024
1. Bitmain Antminer S19j Pro+ – Best Overall
Why It Stands Out:
- Hash Rate: 120 TH/s
- Power Efficiency: 3,355W
- Price: $1,895
| Metric | Value |
|-----------------|---------------------|
| Release Date | December 2022 |
| Noise Level | 75dB |
Ideal For: Miners seeking reliability and mid-range investment.
2. Bitmain Antminer S21 – Most Powerful Rig
Key Features:
- Hash Rate: 200 TH/s
- Price: $5,126
| Metric | Value |
|-----------------|---------------------|
| Power Consumption | 3,550W |
Note: Optimal efficiency between 0–30°C.
3. Bitmain Antminer S19 XP Hyd – Hydro-Cooled Powerhouse
Highlights:
- Hash Rate: 255 TH/s
- Noise Level: 50dB (quietest on this list)
Best For: Large-scale operations needing liquid-cooled stability.
4. MicroBT Whatsminer M50S – Balanced Performance
Specs:
- Hash Rate: 127 TH/s
- Price: $2,055
5. Bitmain Antminer S19 XP – Best Value
Why Buy?
- Hash Rate: 141 TH/s
- Efficiency: 3,032W
ROI: ~6–12 months.
6. MicroBT Whatsminer M30S++ – Proven Reliability
Stats:
- Hash Rate: 112 TH/s
- Release Date: October 2020
7. Bitmain Antminer S19 Pro – Energy-Efficient Veteran
Details:
- Hash Rate: 110 TH/s
- Price: $1,715
Downside: Older model with higher J/TH than newer rigs.
8. MicroBT Whatsminer M63S – Latest-Gen SHA-256 Miner
Innovations:
- Hash Rate: 406–416 TH/s
- Hydro-Cooling: Yes
Price: ~$7,000
9. Canaan Avalon Made A1466 – Efficient Alternative
Specs:
- Hash Rate: 150 TH/s
- Power Efficiency: 21.5 J/TH
Bitcoin Mining Profitability: Key Factors
- Bitcoin Price: Directly impacts revenue.
- Electricity Costs: U.S. average: 16–17¢/kWh.
- Network Difficulty: Adjusts biweekly.
- Hardware ROI: Typically 6–12 months.
Tool Tip: Use profitability calculators to estimate returns.
How to Choose a Mining Rig
- Prioritize Hash Rate & Efficiency (e.g., J/TH).
- Calculate Total Ownership Cost (hardware + electricity).
- Consider Noise Levels for residential setups.
FAQs
Q: Can I mine Bitcoin with a mobile phone?
A: Not feasibly. ASIC miners are required for profitable Bitcoin mining.
Q: Is mining still profitable in 2024?
A: Yes, but depends on hardware efficiency and Bitcoin’s price.
Q: What’s the payback period for an Antminer S19j Pro+?
A: Approximately 8–10 months with moderate electricity costs.
Final Thoughts
The Bitmain Antminer S21 Hyd and MicroBT Whatsminer M63S lead in raw power, while the Antminer S19j Pro+ offers the best balance for most miners. Always factor in local electricity rates and hardware longevity.
Pro Tip: Join mining pools to enhance profitability.